Italian journalist Fabrizio Romano announces this Saturday that Sheikh Jassim, commissioned by the Emir of Qatar, has withdrawn from negotiations with the Glazer family for the takeover of Manchester United.
In all likelihood, Qatar will not buy Manchester United! While the process has been blocked for several months by the Glazer family, almost a year after the Red Devils were officially put up for sale, Jassim bin Hamad al-Thani decided to withdraw from the negotiations. It was Fabrizio Romano, the best informed journalist in the world of football, who announced it on Saturday.
Commissioned by the Emir of Qatar Tamim bin Hamad Al Thani to acquire United, through a foundation (and not the country’s sovereign fund – which already owns PSG), Sheikh Jassim agreed to pay the 7 billion dollars claimed by American owners. Or double the financial valuation of the club. As Romano indicates, Qatari investors then planned to invest $1.5 billion in order to boost the Old Trafford resident. This obviously won’t happen…
We do not yet know the intentions of the Glazers, but the American siblings (five brothers and a sister) could agree to sell the club in the North West of England to the British billionaire Sir Jim Ratcliffe, still to the tune of 7 billion dollars , but retaining shares of the capital. Other sources imagine that the main shareholders Joel and Avram Glazer, from New York, could wait until 2025 in order to sell Manchester United for the “symbolic” price of… 10 billion!
🚨Exclusive story on #MUFC takeover.
◉ Glazers informed of Sheikh Jassim decision — he has WITHDRAWN from the process.
◉ Final bid understood to be almost double than $3.5B market valuation.
◉ $1.5B extra investment was planned.
🇶🇦 All details: https://t.co/1bJDyEEq0g pic.twitter.com/fgxb41cyrr
— Fabrizio Romano (@FabrizioRomano) October 14, 2023
